HZN horizon oil limited

Buy Of The Century?

  1. 622 Posts.
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    Having not been able to find any relevant numbers re EPS and PE on any websites (ASX, Commsec etc) I decided to work out my own on the back of a beer mat and am finding it hard to believe my own results. If I am right, Hzn appears to be the buy of the century to me and anybody selling must have a screw loose. So, here is what I came up with, I am more than happy to be corrected, otherwise this is a potential simmering Superstock

    Annual Earnings AU$54m
    (Net operating income after operating expenditure, excluding extraordinary items,
    US$10.5m/Quarter = AU$13,500,000/Quarter = AU$54,000,000/Year)

    Number of shares on issue = 1,301,973,685

    EPS 4c (Yearly Income/Shares On Issue = 54,000,000/1,301,973,685 = 0.04 = 4 cents per share or more than 1/2 the current SP!)

    PE 1.9 (Current SP/EPS = 7.6c/4c = 1.9)

    Market Cap AU$98.95m

    Current Debt AU$104.6m (Business revolves around debt, I would be worried if we didn't have debt!)

    Cash In Hand AU$28.4m (More than 25% of MCap)

    BOPD 4100 (Soon to increase to 5500)

    All of the above makes HZN a compelling buy IMO and only becomes a sell when the PE reaches 10 or an SP of 40c!!!

    And the creme de la creme? All of this only takes account of current production and current oil prices, both of which are increasing.

    PNG LNG valued at Zero!!!!
 
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(20min delay)
Last
22.0¢
Change
0.000(0.00%)
Mkt cap ! $358.0M
Open High Low Value Volume
22.0¢ 22.0¢ 21.5¢ $348.2K 1.584M

Buyers (Bids)

No. Vol. Price($)
26 1371402 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 2634755 21
View Market Depth
Last trade - 16.10pm 17/09/2025 (20 minute delay) ?
HZN (ASX) Chart
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